A new web site has been launched to help discover the REAL price of gold and silver. With the “paper” COMEX price of precious metals diverging from “street” prices, what’s it really worth?

David Morgan discovered this new web site (click the image above) that shows you what people are paying for the different forms of gold and silver on the various eBays around the world. Gold and silver coins with offers on eBay appear on the page, listed by country.

For each coin, you will find:

Its name, fine weight, and instant metal value.

The price of last sales on eBay to track the price: average price, premium over spot price of gold (or silver), the implied gold or silver value per ounce, and yesterdays average price for this specific coin.

The current offers on eBay worldwide, with the respective number of offers. You can click on the eBay buttons to get directly to the eBay page with all the coins for sale.

Various eBay tools relevant to this coinBuy It Now, Newly Listed, Ending Soonest, and Completed Listings.

[…] Scott Gallup wrote an interesting post today onREAL Silver/Gold Prices on eBay Â« Meltdown 2011Here’s a quick excerptThe price of last sales on eBay to track the price: average price, premium over spot price of gold (or silver), the implied gold or silver value per ounce, and yesterdays average price for this specific coin. The current offers on eBay … […]

Scott, wouldn’t it be something if we could establish and promote a legal fund through your site or maybe David Morgan’s that would offer a reward to any individual or individuals that would come forward and expose this obvious Comex crime in progress. We could get this out to all the big PM sites and ask for donations to a registered account. No one to date has offered this idea so far, but I think it could work, as there are many people interested in the outcome. There has to be a few underlings working at the Fed, Comex, etc. that are aware of the crime but have not considered coming forward and testifying with info that could really bust this crime in progress.